Erik Sherman is an independent journalist who has been writing at Forbes for 11 years. He reports on business, economics, finance, investing, markets, tech, law, commercial real estate, and income and wealth inequality. His credits include Fortune, the Wall Street Journal, the
Surprise Drop In U.S. Jobs Shifts Fed Rate Expectations
The U.S. lost 23,000 jobs in July, far below forecasts, while earlier months were revised down—prompting markets to quickly rethink the Fed’s next rate move.
How Shifting Inflation Metrics Could Complicate The Fed’s Policy Path
The June PCE dip hides a bigger issue as shifting inflation metrics create uncertainty for the Fed, markets and investors navigating the path of prices.
The Wealthy Love Rent Control — For Themselves In NYC
: It turns out that the best housing deals go to some of the wealthiest people in New York City. The top 25% of them pay $1,000 less than market rate.
SpaceX Is $15 Away From A ‘Worthless’ AI Business Says Morgan Stanley
SpaceX’s stock slide nears a level Morgan Stanley says would assign zero value to its AI unit, as analysts weigh losses, divisional performance and investor sentiment.
What Parents Still Need To Know About Trump Accounts
There is still seed money for accounts, but not forever. Like an IRA for a minor, investment in one can help get your offspring set for ongoing adulthood.